Flowserve (FRA:FWV) Tax Rate % : 20.54% (As of Mar. 2024)

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What is Flowserve Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Flowserve's Tax Expense for the three months ended in Mar. 2024 was €19 Mil. Flowserve's Pre-Tax Income for the three months ended in Mar. 2024 was €90 Mil. Therefore, Flowserve's Tax Rate % for the quarter that ended in Mar. 2024 was 20.54%.

Flowserve Tax Rate % Historical Data

The historical data trend for Flowserve's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Flowserve Tax Rate % Chart

Flowserve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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23.41

30.36

-1.94

-28.27

8.30

Flowserve Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															12.93	27.86	-27.01	5.59	20.54

Flowserve Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Flowserve's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	17.021	/	205.179
	=	8.30 %

Flowserve's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	18.531	/	90.212
	=	20.54 %

Flowserve Tax Rate % Related Terms

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Flowserve (FRA:FWV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flowserve Corp (FRA:FWV) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

FLS:USA FWV:Germany

Address

5215 North O’Connor Boulevard, Suite 700, Irving, TX, USA, 75039

Website

https://www.flowserve.com

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.

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